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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following summarizes option activity:
| Number of Options |  | Weighted- Average Exercise Price |  | Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value ($ in thousands)
Balance—December 31, 2024 | 5,342,909 |  |  | $ | 6.69 |  |  | 8.01 |  | $ | 43,120 |
Granted | 2,345,398 |  |  | 14.10 |  |  |  |  |
Exercised | (714,125) |  |  | 6.44 |  |  |  |  |
Forfeited | (534,345) |  |  | 9.55 |  |  |  |  |
Expired | (2,865) |  |  | 26.87 |  |  |  |  |
Balance—December 31, 2025 | 6,436,972 |  |  | $ | 9.17 |  |  | 7.75 |  | $ | 127,945 |
Exercisable—December 31, 2025 | 2,903,391 |  |  | $ | 8.46 |  |  | 6.63 |  | $ | 59,750 |
Schedule of Restricted Stock Unit Activity | The following table summarizes information regarding the Company's RSUs:
| Number of Units |  | Weighted-Average Grant Date Fair Value
Balance—December 31, 2024 | 6,055,087 |  |  | $ | 8.04 |
Granted | 3,063,418 |  |  | 14.23 |
Vested | (2,275,607) |  |  | 8.24 |
Forfeited | (835,383) |  |  | 10.12 |
Unvested Balance—December 31, 2025 | 6,007,515 |  |  | $ | 10.83 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense included in the consolidated statements of operations and comprehensive loss was as follows (in thousands):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Research and development | $ | 12,336 |  |  | $ | 13,509 |  |  | $ | 15,544 |
Selling, general and administrative | 28,028 |  |  | 28,221 |  |  | 23,269 |
Total stock-based compensation expense | $ | 40,364 |  |  | $ | 41,730 |  |  | $ | 38,813 |
Schedule of Assumptions in Calculating Stock Option Awards | The fair value of stock option awards granted was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Expected term (in years) | 5.3 – 6.1 |  | 1.8 – 6.1 |  | 5.0 – 6.1
Expected volatility | 72.9 – 79.5% |  | 79.1 – 83.2% |  | 75.2% – 78.4%
Risk-free interest rate | 3.7 – 4.4% |  | 3.6 – 5.0% |  | 3.5 – 4.7%
Dividend yield | —% |  | —% |  | —%

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